[SCAM Alert] Cobinhood Exchange ReviewCentralized
[SCAM Alert] Cobinhood Overview
UPDATE: May 20, 2019 - Cobinhood has performed an exit scam, filing for bankruptcy and stealing the money of their investors. Cointelligence will update their score from 6 to zero, and will leave the rating live until matters with the exchange have been resolved.
Cobinhood is a cryptocurrency exchange / digital asset platform with its own platform, utility token, namely Cobinhood (Ticker symbol: COB). A Cobinhood exchange review reveals that COB token is based on the ERC20 token standard and has a total supply of 1 billion tokens. COB tokens seem to have various use cases. Users can pay in COB tokens to qualify for 50% off margin trading loan interest or 50% off withdrawal fees. It also seems that COB tokens received as payment for withdrawal fees get burned on a quarterly basis.
A Cobinhood exchange review also shows that COB tokens held in Cobinhood exchange accounts, qualify holders for substantial savings when it comes to the ICO tokens that get underwritten by Cobinhood. COB tokens are also required for trading contests and to join airdrops via Cobinhood’s Airdrop Center. In addition, the transfer of COB tokens from one Cobinhood account to another seems to be free of charge.
The Cobinhood website seems to be available in various languages, including English. A Cobinhood exchange review also reveals that they reward both referrers and referrals. They get rewarded in the form of “Candy Machine” tickets. The tickets can be used at Cobinhood’s “Candy Machine” to win free BTC, ETH and other digital assets/cryptocurrencies.
This crypto exchange seems to offer an instant listing service to ERC20 tokens, where the listing of a token can be finalized in 1 day in a 1 click process. They also offer various ways to get “free” tokens, investment tools and other services.
[SCAM Alert] Cobinhood Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
[SCAM Alert] Cobinhood Total Trading Pairs
[SCAM Alert] Cobinhood Margin Trading
[SCAM Alert] Cobinhood Deposit fees
[SCAM Alert] Cobinhood Trading fees
[SCAM Alert] Cobinhood Fiat Deposit
Accepted Payment Method
Crypto To FIAT Only
[SCAM Alert] Cobinhood Native token
Native token smart contract
[SCAM Alert] Cobinhood Trading Markets
[SCAM Alert] Cobinhood Stablecoins trading
[SCAM Alert] Cobinhood Markets Data
|BTC/USDT||₮ 11,460.0||Ƀ 0|| |
|ETH/USDT||₮ 197.00||Ξ 0|| |
[SCAM Alert] Cobinhood Withdrawals
Daily Withdrawal Limit
depends on Verification
[SCAM Alert] Cobinhood Withdraw fees
BTC - 0.001 BTC ETH - 0.007 ETH Full list of fees can be found here
[SCAM Alert] Cobinhood Withdraw fees discount
Proof of Reserves
[SCAM Alert] Cobinhood Exchange Rating Analysis
Last edit 28.11.2019
UPDATE: Cobinhood has performed an exit scam, fleeing with its investors' money. This rating was conducted prior to the incident and portrays the picture at the time of rating. We updated its score to zero (previously 6) and will remove it once all matters regarding the exchange will be resolved.
Cobinhood is a Cayman Islands-based Cryptocurrency exchange, with headquarters in Taiwan. The exchange's main benefit is its zero trading fees (similar to the stock market app Robinhood), alongside other services such as an ICO platform and margin trading.
Cobinhood is fairly easy to use, on par with similar cryptocurrency exchanges of its magnitude, and the site is accessible. In relation to big cryptocurrency exchanges such as Binance or Huobi, Cobinhood doesn't manage to attract much volume (hovering around $80K daily as of this writing) partly due to the reason it does not list a large amount of coins - 36, to be exact. There is also an option to trade cryptocurrencies against USD on Cobinhood, although the option is only accessible to those who have underwent extensive KYC and the daily trading volume on fiat pairs amounts to almost zero.
The risk factor of entrusting funds with Cobinhood is hard to be determined, as while there are many roadblocks on the way to access funds - including email verification and 2FA, it is hard to assess the level of threat management the internal Cobinhood team is capable of doing, and we have not determined if there is a dedicated security expert on the team. To conclude, Cobinhood is a medium-sized exchange with many traders drawn to its zero-fees, but not enough coin listings and volume to justify becoming a major player. The exchange also displays some amount of risk to those who prefer to keep their funds on the exchange.
[SCAM Alert] Cobinhood IEO launchpad
|IEO||Start date||End date||Fundraising|
|Mar 27, 2019||-||Apr 03, 2019||N/A|
[SCAM Alert] Cobinhood Exchange Additional Information
[SCAM Alert] Cobinhood Headquater
[SCAM Alert] Cobinhood Establish date